Sports is hitting limits

The world of professional sports has changed immensely over the last two decades. Wages have exploded together with the visibility on television. To the fact that the income of the television contracts has paid for the exorbitant wages. Together with partnerships with gambling companies. But since a few years, a ceiling has been reached. There’s almost no more room for financial expansion as the television markets and the gambling markets have been penetrated completely. And more and more regulation with gambling advertising is coming, which will make the income from that market drop substantially.

Where can sports grow?

There are always possibilities to grow, for those that are inventive enough. But as some clubs have already started with crypto currencies and NFT’s tied to the club, it shows that the true growth lies in this market. It is an almost blank page with immense possibilities for growth and financing. NFT’s for fans that pay with the club’s native token, fantasy sports games with the player’s NFT’s, collaborations with existing platforms, the possibilities are endless. And it is only getting started.

The next era of sports lies in a collaboration with the crypto world, and the ones that do it best will be the winners of the future…

Sincerely,

Pele23